Aug 10 (Reuters) - Wall Street was up more than 1 percent on
Monday, bouncing back sharply from last week's steep lows,
buoyed by optimism around China and Greece, and as Warren
Buffett's latest billion-dollar deal showed the M&A boom was
alive and well.

Disappointing data out of China boosted hopes for additional
stimulus from Beijing, while Greece and international creditors
could wrap up a multi-billion euro bailout accord by Tuesday.

Buffett's Berkshire Hathaway said it would
buy Precision Castparts in a deal valuing the company at
$32.3 billion. Precision Castparts' shares jumped as much as
19.4 percent to $231.47, while Berkshire Class B shares fell 1.4
percent to $141.60.
Continuación...